By Chris Wack
OLB Group Inc. shares were up 21% to $6 Wednesday after the company said its SecurePay payment gateway will support the transfer or sale of digital assets using non-fungible token technology.
The company said its NFT technology is built upon the Ethereum platform, which manages token generation and redemption, association with an asset, and transfer of registered ownership.
OLB said the secure NFT process it uses is intended to work seamlessly with the broad range of payment processing options of SecurePay.
SecurePay provides integrated support for major digital wallets including Apple Pay and Google Pay, cryptocurrency wallets, PayPal, and traditional credit cards. NFT functions use smart contracts to assure the simple and seamless exchange of funds and appropriate management of terms and conditions of sale.
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(END) Dow Jones Newswires